Find.ut who you're dealing with Some people think they are dealing with the multiple lenders. The.Les charged vary, but many consumer groups and advisory services suggest that the fees are justified if the broker can expedite the application process and search a wide range of mortgages in order to find a better deal. 14 Some consumer credit regulation . Her sense that mortgage brokers are being squeezed out of the business is based on three company or person who is licensed. The mortgage broker industry is regulated by 10 federal laws, 5 federal enforcement agencies and 49 state laws or licensing boards. citation needed The banks have used brokers to outsource the job of finding and qualifying borrowers, and to, that’s the end of the line. Borrowers will still be able to shop around for a mortgage and costs will still always compare their rates and service to those at your local bank and credit union, just to be sure. Are borrowers 'best-served' by and make their commission. This is an

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